Base Carbon Declares Resumption of Share Purchase Plan Through Normal Course Issuer Offering
TORONTO, June 19, 2025 - Worried about the stock price not reflecting Base Carbon's true value? Fret not! The company has renewed its Normal Course Issuer Bid (NCIB) for another year.
Through its subsidiary, Base Carbon Capital Partners Corp, the company can now pick up to 6,659,310 of their common shares, which accounts for a solid chunk - approximately 6.4% of the issued and outstanding shares and 10% of the public float.
The NCIB program will run from June 23, 2025, until June 22, 2026, but the company might stop earlier if it reaches the maximum purchase limit before then.
Want to know more about the daily pick-ups? Each day, the company can snag a cool 69,082 shares, equating to 25% of the six-month average trading volume - with block trades permitted once a week.
This isn't the first time Base Carbon has gone for this strategy - they've been at this since 2022 and have already repurchased over 19.2 million shares, reducing the outstanding shares by a whopping 15.1%.
Under the current program, as of June 17, 2025, they've already gobbled up 7,127,736 shares, accounting for a whopping 94.1% of the prior NCIB's approved allotment. They've paid an average of $0.4722 per share for these shares.
So, why are they doing this? Well, management believes this is a strategic move to deliver more value to the shareholders by closing the gap between the stock price and the embedded value in the carbon credit inventory and project pipeline. They're also confident that demand for carbon credits will keep growing, with the sector projected to expand by 15-20% annually through 2030.
In layman's terms: they're stepping in to get more shares, boost the shareholder value, and show faith in their ability to scale up projects in a sector with a bright future.
Base Carbon - where confidence meets carbon credits.
1. The news about Base Carbon's renewed Normal Course Issuer Bid (NCIB) is generating buzz in the media, as the company can now purchase up to 6,659,310 shares, which represents a significant portion of their outstanding shares.
2. With Base Carbon's NCIB program running from June 23, 2025, until June 22, 2026, the company's activities in the Toronto Stock Exchange's finance and industry sectors are closely watched by investors and the environment-focused press.
3. As Base Carbon continues to repurchase shares under their NCIB, law experts are analyzing the implications of the company's strategy on Canadian corporate law and business practices.
4. In the energy sector, analysts are monitoring Base Carbon's efforts to grow their carbon credit inventory and project pipeline, as they demonstrate their confidence in their ability to capitalize on the expanding market for carbon credits.
5. Meanwhile, the Toronto-based company's move to deliver more value to their shareholders and close the gap between the stock price and embedded value in the carbon credit inventory and project pipeline has drawn attention from Canadian and international news outlets.
